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S J Logistics (India) Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Published 3 Aug 2026 | Transport Services | Market Cap: ₹493 Cr

Targeting 30% to 35% growth in sales/revenue for the current financial year, with the first half already achieving 26% growth. Targeting 30% to 35% average revenue growth for the current financial year.

From S J Logistics (India) Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Price

₹354

Market Cap

₹493 Cr

P/E Ratio

6.5

Revenue Rank

Rank 2

Margin Rank

Rank 1

How does S J Logistics (India) Ltd rank in Transport Services?

Compare S J Logistics (India) Ltd against every Transport Services company this quarter on revenue, margins and earnings-call signals.

Revenue: Rank 2Margin: Rank 1
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📊 Revenue & Sales Performance

Rank 2
  • →Targeting 30% to 35% growth in sales/revenue for the current financial year, with the first half already achieving 26% growth.
  • →Plan to increase vessels from current numbers to four by December 2025, which will boost top-line revenue.
  • →Vessel operations expected to contribute 30% to 40% of total revenue in the next financial year.
  • →Long-term growth driven by expanding service verticals within shipping (forwarding, NVOCC, vessel operations).
  • →Focus on increasing Project Cargo, which showed 40% growth, and diversifying ocean cargo offerings.
  • →Aim to sustain high utilization of vessel capacity (~85%-90% owned customers).
  • →Emphasis on PAT growth and improved margins around 12% to 12.5% for the full year.
  • →Conservative but confident approach projecting continuous overperformance based on disciplined growth and market opportunities.

📈 Profitability & Margins

Rank 1
  • →Targeting 30% to 35% average revenue growth for the current financial year.
  • →Expecting PAT margin improvement to around 12% to 12.5% for the full year, with second-half PAT margin potentially exceeding 13%.
  • →Vessel operations expected to contribute 30% to 40% of top line next year, enhancing revenue and profitability.
  • →Growth driven by diversified verticals within shipping, including NVOCC and vessel operations, alongside forwarding.
  • →Focus on improving return on assets and operating efficiencies to enhance PAT.
  • →Conservative, disciplined approach aiming to deliver more than projected growth.
  • →Long-term growth outlook remains positive with plans for incremental vessel additions and expansion of specialized container offerings.
  • →Continuous monitoring of geopolitical conditions and market trends to optimize growth trajectory.

🏗️ Capital Expenditure Plans

Yes
  • →S J Logistics is expanding vessel operations by chartering four vessels, expected by end of December 2025.
  • →The company is not buying ships but taking them on lease, with a security deposit already paid to the vessel owners.
  • →New vessel operations aim to contribute 30%-40% of top line in next financial year, enhancing control over cargo, containers, and space.
  • →Capital expenditure primarily involves lease financing for approximately 3,000 containers, classified as long-term borrowings per accounting standards.
  • →Additional working capital facilities are planned to support expanded operations.
  • →No explicit mention of acquisitions currently, but internal discussions on possible future acquisitions exist without public disclosure.
  • →Special equipment like open-top and flat-rack containers will be added soon to complement existing dry containers.

💰 Fundraising & Capital Structure

Yes
- No explicit mention of new equity fundraising in the discussed transcript. - Long-term borrowings have increased, primarily due to lease finance accounting for leased containers (around 3,000 containers) as per accounting standards. - Additional working capital facilities are being pursued from bankers to support operations and vessel additions. - No direct statement about raising fresh debt beyond working capital; vessel operations are financed via lease agreements. - The company is cautious and focused on disciplined growth, indicating any fundraising would align with regulatory guidelines and operational needs. In summary, S J Logistics is currently expanding working capital facilities and using lease finance for assets but has not announced any immediate new fundraising through equity or significant fresh debt beyond these.

📋 Order Book & Pipeline

Yes
The transcript provided does not explicitly mention specific details about the current or expected order book or pending orders for S J Logistics (India) Limited. However, some relevant points related to business operations and growth outlook include: - The company is operating and planning to increase its fleet by taking on four chartered vessels by the end of December 2025 to support vessel operations. - The vessel operations are expected to contribute 30%-40% of the top line in the next financial year. - The company targets a top-line growth of 30%-40% and PAT margins of around 12%-12.5% for the full year. - They have grown NVOCC operations significantly from ₹2 crore to ₹31 crore in the first half of FY26. - Focus remains on expanding project cargo, ocean freight, and vessel operations with a customer base largely comprising their own forwarding clients (70%-80%). No direct figures or status of pending orders/order book were disclosed in the transcript.

Key Metrics

Revenue

Rank 2

Margin

Rank 1

Capex

Yes

Fundraise

Yes

Order Book

Yes

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Frequently Asked Questions

What were S J Logistics (India) Ltd Q2 FY26 results?

Targeting 30% to 35% growth in sales/revenue for the current financial year, with the first half already achieving 26% growth. Targeting 30% to 35% average revenue growth for the current financial year.

What is S J Logistics (India) Ltd share price analysis?

S J Logistics (India) Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 6.5 with a market cap of ₹493 Cr. Investors should review the full earnings analysis for detailed insights.

Is S J Logistics (India) Ltd planning capital expenditure?

S J Logistics is expanding vessel operations by chartering four vessels, expected by end of December 2025.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.